Port of Marseille Fos to invest US$64.5 million to promote recovery
THE Port of Marseille Fos posted a 15 per cent year-on-year decline in overall cargo volume in the first half while container throughput fell 17 per cent, reported St Petersburg's PortNews
THE Port of Marseille Fos posted a 15 per cent year-on-year decline in overall cargo volume in the first half while container throughput fell 17 per cent, reported St Petersburg's PortNews.
To stimulate the recovery, the Port of Marseille Fos Supervisory Board has decided to maintain EUR57 million (US$64.5 million) in investments and support its customers affected by the global health crisis, said the port authority.
2019 was a dynamic year for the Port of Marseille Fos with growth of six per cent to the end of November, which consolidated its leading position in France.
By the beginning of March, the consequences of the Covid-19 health crisis on traffic were already being felt, particularly on container traffic as a result of the lockdowns in Asia.
Overall, port traffic was 33.6 million tonnes - a shortfall of 5.9 million tonnes on H1 2019. Port of Marseille Fos traffic reflects the slump in consumption and the standstill in certain types of production.
The halt in vehicle sales caused a 23 per cent drop in car import and export flows and plunged the steel sector into crisis, leading to a 23 per cent reduction in bulk steel imports. Border closures and lockdowns brought passenger activity to a halt. Over the six-month period, compared to 2019, there were 59 per cent fewer regular ferry line passengers and 84 per cent fewer cruise passengers.